A spokesperson for the Hong Kong Monetary Authority stated that the Hong Kong dollar once again triggered the strong side exchange guarantee of 7.75 Hong Kong dollars to 1 US dollar under the linked exchange rate mechanism during the New York trading session on the morning of the 6th. The Hong Kong Monetary Authority once again entered the market to accept US dollar sell orders and injected HKD 60.543 billion into the market. This is the third time since May 3rd that the Hong Kong dollar has triggered the Strong Exchange Guarantee. Including HKD 56.071 billion sold twice on the 3rd and 5th, the Hong Kong Monetary Authority has currently injected HKD 116.614 billion into the market. The spokesperson stated that the total balance of the banking system will increase to HKD 161.384 billion on May 7th. According to the linked exchange rate system implemented in Hong Kong since 1983, the Hong Kong dollar has a normal floating range against the US dollar: 7.75 (strong side exchange guarantee) to 7.85 (weak side exchange guarantee). If the Hong Kong dollar exchange rate triggers a strong exchange guarantee, the Hong Kong Monetary Authority will buy US dollars and sell Hong Kong dollars to stabilize the Hong Kong exchange rate at a level not higher than 7.75; If the Hong Kong dollar exchange rate triggers the weak side exchange guarantee, reverse operations will be carried out to stabilize the Hong Kong exchange rate at a level not lower than 7.85. The Linked Exchange Rate System aims to ensure the smooth operation of currency and foreign exchange markets. The last time the Hong Kong dollar triggered the Strong Exchange Guarantee was in 2020. (New Society)